Aramco is Outperforming the 5 Largest Oil Companies
Saudi Aramco considerably outperformed the five largest oil companies in the world during the first half (H1) of this year, after achieving net profits, while the five companies registered record losses with oil prices plummeting by 39% in H1 and 57% percent in the second quarter (Q2).
The five oil companies are: Exxon Mobil, Chevron (the US), Total (France), Shell (Britain and the Netherlands), and BP (Britain).
Based on the financial statements of companies, the net profit of Saudi Aramco amounted to $23.2 billion during H1 of this year, compared to losses of the five companies amounting to about $1.7 billion for ExxonMobil and $4.7 billion for Chevron, $8.3 billion for Total, $18.2 billion for Shell, and $21.2 billion for BP.
The five companies had recorded profits in the same period last year by $5.5 billion for Exxon Mobil, $7 billion for Chevron, $5.9 billion for Total, $9 billion for Shell, and $4.8 billion for BP.